Civic Intelligence

Iron Workers District Council of Western Ny & Vicinity Welfare Plan

990 • Fiscal year 2017 • EIN 16-0776208

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

3445 Winton Place Suite 238Rochester, NY 14623-2950

(585) 424-3510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.03x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Net Margin

17th percentile

-5.9%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$79,589

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2017

Asset Growth

9th percentile

-16%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

0.8%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,535,852

Down $300,458 (-16%) from 2016

Net Assets

Down

$1,490,655

Down $282,457 (-16%) from 2016

Liabilities

Down

$45,197

Down $18,001 (-28%) from 2016

Revenue

Up

$4,642,569

Up $38,182 (+0.8%) from 2016

Expenses

Up

$4,918,704

Up $364,687 (+8.0%) from 2016

Net Income

Down

-$276,135

Down $326,505 (-648%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $1,917,040Liabilities 2011: $105,959Net Assets 2011: $1,811,0812011Assets 2012: $1,997,945Liabilities 2012: $52,551Net Assets 2012: $1,945,3942012Assets 2013: $1,855,409Liabilities 2013: $72,686Net Assets 2013: $1,782,7232013Assets 2014: $2,136,513Liabilities 2014: $73,437Net Assets 2014: $2,063,0762014Assets 2015: $1,828,967Liabilities 2015: $99,637Net Assets 2015: $1,729,3302015Assets 2016: $1,836,310Liabilities 2016: $63,198Net Assets 2016: $1,773,1122016Assets 2017: $1,535,852Liabilities 2017: $45,197Net Assets 2017: $1,490,6552017Assets 2018: $2,120,581Liabilities 2018: $95,140Net Assets 2018: $2,025,4412018Assets 2019: $3,565,145Liabilities 2019: $125,240Net Assets 2019: $3,439,9052019Assets 2020: $4,163,747Liabilities 2020: $114,724Net Assets 2020: $4,049,0232020Assets 2021: $4,186,837Liabilities 2021: $67,020Net Assets 2021: $4,119,8172021Assets 2022: $5,009,575Liabilities 2022: $206,784Net Assets 2022: $4,802,7912022Assets 2023: $6,142,792Liabilities 2023: $311,869Net Assets 2023: $5,830,9232023Assets 2024: $6,716,070Liabilities 2024: $161,582Net Assets 2024: $6,554,4882024Assets 2025: $9,286,181Liabilities 2025: $689,141Net Assets 2025: $8,597,0402025

Highlighted filing

2017

Assets$1,535,852
Liabilities$45,197
Net Assets$1,490,655

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,910,6592011Expenses 2012: $3,816,9432012Expenses 2013: $4,323,1412013Revenue 2014: $4,459,605Expenses 2014: $4,202,564Net Income 2014: $257,0412014Revenue 2015: $4,400,311Expenses 2015: $4,680,995Net Income 2015: -$280,6842015Revenue 2016: $4,604,387Expenses 2016: $4,554,017Net Income 2016: $50,3702016Revenue 2017: $4,642,569Expenses 2017: $4,918,704Net Income 2017: -$276,1352017Revenue 2018: $4,566,512Expenses 2018: $4,025,969Net Income 2018: $540,5432018Revenue 2019: $5,025,957Expenses 2019: $4,055,680Net Income 2019: $970,2772019Revenue 2020: $5,093,793Expenses 2020: $4,548,941Net Income 2020: $544,8522020Revenue 2021: $5,560,744Expenses 2021: $5,501,498Net Income 2021: $59,2462021Revenue 2022: $6,361,565Expenses 2022: $5,285,261Net Income 2022: $1,076,3042022Revenue 2023: $5,744,625Expenses 2023: $4,789,673Net Income 2023: $954,9522023Revenue 2024: $5,164,491Expenses 2024: $4,644,700Net Income 2024: $519,7912024Revenue 2025: $7,948,001Expenses 2025: $6,110,709Net Income 2025: $1,837,2922025

Highlighted filing

2017

Revenue$4,642,569
Expenses$4,918,704
Net Income-$276,135
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$8,613,347
Mission and Program Overview

Mission

To provide welfare benefits to union iron workers and their beneficiaries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,773,112$1,490,655▼ $282,457
Investments in Publicly Traded Securities$797,431$697,481▼ $99,950
Accounts Receivable$624,994$520,670▼ $104,324
Savings and Temporary Cash Investments$221,765$102,623▼ $119,142
Prepaid Expenses and Deferred Charges-$58,000-
Cash and Non-Interest-Bearing Accounts$119,917$51,921▼ $67,996
Land, Buildings, and Equipment, Net$25,857$29,811▲ $3,954
Total Assets$1,836,310$1,535,852▼ $300,458
Other Assets Total$46,346$75,346▲ $29,000
Liabilities
Accounts Payable and Accrued Expenses$31,069$23,081▼ $7,988
Deferred Revenue$31,521$22,116▼ $9,405
Other Liabilities$608--
Total Liabilities$63,198$45,197▼ $18,001
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,773,112$1,490,655▼ $282,457
Total Liabilities and Net Assets / Fund Balance$1,836,310$1,535,852▼ $300,458

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,804$244,537$270,341
Leasehold Improvements$4,007$950$4,957
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne RanelliAdmin. ManagPT$61,115$18,474$79,589

Board Members and Trustees

NameTitle
John GorczynskiMgt Trustee
Alan SwansonLabor Truste
Scott BrydgesLabor Truste
Thomas P ThomasLabor Truste
Hl StephensonManagement T
Kelly GilliganManagement T
Tom DickeyManagement T

Highest Paid Contractors

ContractorServicesLocationCompensation
Rochester General HospitalMedical1425 PORTLAND AVE, Rochester, NY 14621$194,447
University Of RochesterMedicalADMIN BLDG RIVER CAMPUS, Rochester, NY 14627$188,135
Canton-potsdam HospitalMedical50 LEROY STREET, Potsdam, NY 13676$174,391
Kaleida HealthMedicalPO BOX 1392, Buffalo, NY 14240$173,262
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,340,001
Investment Income
$34,657
Other Revenue
$267,911
Change in Net Assets
$-276,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,377,180
Revenue Not Reported on Financial Statements
$265,389
Revenue Not Reported on Form 990
$-6,322
Other Revenue Adjustments
$260,867
Total Revenue per Audited Statements
$4,370,858
Total Revenue per Form 990
$4,642,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$954,478
Salaries, Compensation, and Employee Benefits$321,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$3,642,536
Other Salaries and Wages---$186,009
Fees for Services Management---$173,136
Insurance---$165,540
Fees for Services Other---$124,610
Fees for Services Legal---$100,982
Information Technology---$91,437
Current Officers, Directors, Trustees, and Key Employees---$79,589
Office Expenses---$53,663
Occupancy---$45,478
Fees for Services Accounting---$37,087
Pension Plan Contributions---$30,581
Payroll Taxes---$19,880
Conferences and Meetings---$12,264
Depreciation Depletion---$10,553
Other Employee Benefits---$5,631
Fees for Service Investment Mgmnt Fees---$4,522
Other Expenses---$1,943
Total Functional Expenses$0$0$0$4,918,704

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,918,704
Expenses per Audited Statements$4,653,315
Total Expenses per Audited Statements$4,653,315
Expenses Not Reported on Financial Statements$265,389
Other Expense Adjustments$260,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

John gorczynski 4522 wetzel road liverpool, ny 13090 scott brydges 412 39th street niagara falls, ny 14303 kelly gilligan 7819 state routes 5 & 20 bloomfield, ny 14469 alan swanson 154 humboldt street rochester, ny 14610 thomas p. Thomas 10 main street, suite 100 whitesboro, ny 13492 h.l. Stephenson 8 king road churchville, ny 14428 tom dickey 5285 upper mt. Road lockport, ny 14094

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to each trustee for review and comment prior to filing.

Form 990, Page 6, Part VI, Line 12C

The fund regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting that an annual acknowledgement form be signed and submitted by each trustee. If any potential conflicts are disclosed, the trustees will determine whether further facts and follow-up questions are necessary to determine if a conflict of interest exists. In addition, on an annual basis, management reminds each individual who is subject to the policy of the need to avoid any business conflicts with the fund and to divulge immediately any matter which may give rise to a conflict.

Form 990, Page 6, Part VI, Line 15A

The chairperson of the board of trustees and a second trustee recommend the compensation package for the administrative manager, which is then approved by the full board of trustees.

Form 990, Page 6, Part VI, Line 15B

The chairperson of the board of trustees and a second trustee recommend the compensation package for any officers or key employees, which is then approved by the full board of trustees.

Form 990, Page 6, Part VI, Line 19

The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Form 990, Part VII

The fund pays the full salary and benefits of the administrative manager. Such compensation is allocated to affiliated funds under a cost sharing agreement.

Filing and Contact Details

Filer

Filer Name
Iron Workers District Council of
EIN
16-0776208
Phone
5854243510
Address
3445 WINTON PLACE SUITE 238, ROCHESTER, NY 14623-2950

Signing Officer

Name
Suzanne Ranelli
Title
Admin. Manager
Phone
5854243722
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Ranelli
Formed
1953
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
6

Preparer

Firm
ARCARA ZUCARELLI LENDA & ASSOC CPA'S PC
Address
5214 MAIN ST STE 200, WILLIAMSVILLE, NY 14221
Preparer
David Arcara CPA
Phone
7166342722
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Reimbursed administrative expenses -260,867 reimbursed administrative expenses 260,867

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Reimbursed administrative expenses 260,867

Schedule D, Page 4, Part XII, Line 4B

Reimbursed administrative expenses 260,867

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc0NYSHCRA SURCHARGES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ACA FEES
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IRS990/OtherExpensesGrp/TotalAmt14718
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IRS990/PrincipalOfficerNm0SUZANNE RANELLI
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REIMBURSED ADMINISTRATIVE EXPENSES 260,867
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REIMBURSED ADMINISTRATIVE EXPENSES 260,867
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalRevenuePerForm990Amt04642569
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN GORCZYNSKI 4522 WETZEL ROAD LIVERPOOL, NY 13090 SCOTT BRYDGES 412 39TH STREET NIAGARA FALLS, NY 14303 KELLY GILLIGAN 7819 STATE ROUTES 5 & 20 BLOOMFIELD, NY 14469 ALAN SWANSON 154 HUMBOLDT STREET ROCHESTER, NY 14610 THOMAS P. THOMAS 10 MAIN STREET, SUITE 100 WHITESBORO, NY 13492 H.L. STEPHENSON 8 KING ROAD CHURCHVILLE, NY 14428 TOM DICKEY 5285 UPPER MT. ROAD LOCKPORT, NY 14094
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO EACH TRUSTEE FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FUND REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUESTING THAT AN ANNUAL ACKNOWLEDGEMENT FORM BE SIGNED AND SUBMITTED BY EACH TRUSTEE. IF ANY POTENTIAL CONFLICTS ARE DISCLOSED, THE TRUSTEES WILL DETERMINE WHETHER FURTHER FACTS AND FOLLOW-UP QUESTIONS ARE NECESSARY TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. IN ADDITION, ON AN ANNUAL BASIS, MANAGEMENT REMINDS EACH INDIVIDUAL WHO IS SUBJECT TO THE POLICY OF THE NEED TO AVOID ANY BUSINESS CONFLICTS WITH THE FUND AND TO DIVULGE IMMEDIATELY ANY MATTER WHICH MAY GIVE RISE TO A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIRPERSON OF THE BOARD OF TRUSTEES AND A SECOND TRUSTEE RECOMMEND THE COMPENSATION PACKAGE FOR THE ADMINISTRATIVE MANAGER, WHICH IS THEN APPROVED BY THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CHAIRPERSON OF THE BOARD OF TRUSTEES AND A SECOND TRUSTEE RECOMMEND THE COMPENSATION PACKAGE FOR ANY OFFICERS OR KEY EMPLOYEES, WHICH IS THEN APPROVED BY THE FULL BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FUND PAYS THE FULL SALARY AND BENEFITS OF THE ADMINISTRATIVE MANAGER. SUCH COMPENSATION IS ALLOCATED TO AFFILIATED FUNDS UNDER A COST SHARING AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REIMBURSED ADMINISTRATIVE EXPENSES -260,867 REIMBURSED ADMINISTRATIVE EXPENSES 260,867
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.29$0.69$8.60$7.95$6.11$1.84
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.72$0.16$6.55$5.16$4.64$0.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$0.31$5.83$5.74$4.79$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.01$0.21$4.80$6.36$5.29$1.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$0.07$4.12$5.56$5.50$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$0.11$4.05$5.09$4.55$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.57$0.13$3.44$5.03$4.06$0.97
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.10$2.03$4.57$4.03$0.54
2017Detailed filing. Detailed filing data is available for this year.$1.54$0.05$1.49$4.64$4.92$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.06$1.77$4.60$4.55$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.10$1.73$4.40$4.68$0.28
2014Detailed filing. Detailed filing data is available for this year.$2.14$0.07$2.06$4.46$4.20$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.07$1.78$4.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.05$1.95$3.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.11$1.81$3.91